logo

FX.co ★ #Bitcoin M5: Bearish Rectangle

#Bitcoin M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 65800.79 - 0.00 and support 65619.39 – 65619.39. In case the resistance level 65619.39 - 65619.39 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
Go to the patterns list Go to graph